In Refinery issues change battlefield in gas price war, I predicted that gas would briefly hit $4.00/gallon by July 4th. Yesterday morning, the corner station tried to get there before Memorial Day, by raising its price for regular to $3.99 and for premium to $4.09. The three stations down the block held steady at $3.84 for regular. As soon as I saw that, I knew that the corner station was once again charging No Man's Land and would retreat back into its trench. It took less time that I thought. This evening, the corner station once again matched its neighbors at $3.84.
I still think gas will get to $4.00 by July 4th at all stations and stay there for about a week, but I don't have say that gas will reach that price level this summer. It already has. I can take perverse comfort in my prediction of gas reaching $4.00 this year coming true, if a bit prematurely.